The answer is: United States would have a deficit of $11 billion in the given year.
A trade surplus occurs when a country exports more than it imports. On the other hand, a deficit is when a country imports more products than it exports.
In the above example, the United States is exporting only $5 billion of goods but importing $16 billion of products. This means that the total trade deficit in the example is 16-5 = $11 billion.
This actually represents the current situation of the United States where it has a significant trade deficit with many major economies in the world, most noticeably with China.
Answer:
To promote the ratification of the United States Constitution
Explanation:
Th<span>e rational basis test.
I hope this helps :)</span>
Answer:
15 November – the Exclusion Bill is defeated in the House of Lords. 7 December – William Howard, 1st Viscount Stafford, is condemned to death by perjured evidence in the House of Lords for conspiracy in the supposed "Popish Plot". First fire insurance office established, the Phoenix.
Explanation:
Answer: B, signing of a security pact with axis nations.
Explanation: Isolationism is a policy of isolating (a country) from other foreign affairs. When the US did this, the government had to create a security pact.
